How to Guide: IRS Data Retrieval and IRS Tax Return Transcript
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1 How to Guide: IRS Data Retrieval and IRS Tax Return Transcript Data is available within 2-3 weeks of electronically filing your taxes or 6-8 weeks of filing a paper tax return. These instructions assume you have already completed your FAFSA. Skip ahead to Section 2 if: You have filed an extension You are married filing separately You or your parents have had a marital status change since January 1, 2018 You have filed an Amended Return Section 1: How to use the IRS Data Retrieval Tool? (Linking your FAFSA with the IRS) Step 1: Go to and click Login
2 Step 2: Enter your FSA ID Username or Verified Address > Enter your FSA ID Password > Click OR Enter the student s information and enter the requested student s demographic information into each field > Click (The FSA ID and FSA ID Password should have been created when you completed the initial FAFSA.) Step 3: Click Make FAFSA Corrections for
3 Step 4: Create a Save Key and click (You must create a save key. The save key allows you to return to an application or correction later if you need to stop and save your work.) Step 5: Click on the Financial Information tab to use the Data Retrieval tool > Click
4 Step 6: Select Already Completed for the tax return filing status > Answer the eligibility questions > If you are eligible to transfer your information from the IRS into your FAFSA, Click LINK TO IRS > Enter your FSA ID Username or Verified > Enter your FSA ID Password. If you are ineligible to transfer your information from the IRS into your FAFSA, please proceed to Section 2. Step 7: Click OK to leave the FAFSA website and enter the IRS Data Retrieval Tool website.
5 Step 8: Click OK to accept the IRS Data Retrieval Tool terms of use. Step 9: Enter the requested information and click Submit. Remember to enter your Name, Date of Birth, Filing Status and Address exactly as it appeared when you filed your taxes.
6 Step 10: Review the information that the IRS has retrieved from your tax returns. Check the box to Transfer My Tax Information into the FAFSA and click Transfer Now. Your IRS data will be transferred to your FAFSA and you will be returned to the FAFSA website. Step 11: Answer the additional questions and click. NOTE: If you are using the IRS Data Retrieval Tool for both the student and parent, you will have to complete this process twice, once under the Student Financial Information Section and once under the Parent Financial Information section before submitting the FAFSA
7 Step 12: Continue to the Sign & Submit tab. Follow all of the instructions carefully. Once you complete all required fields, click SUBMIT MY FAFSA NOW. You re done! NOTES: If parent information was updated during the Data Retrieval Process, your parent must review the Terms of agreement and select Agree. Also, remember to print or save the confirmation page for your records. Check your MyMTC account on a regular basis for correspondence from the MTC Student Financial Services Office.
8 Section 2: How to obtain a Tax Return Transcript from the IRS online or through mail if I am not eligible to use the Data Retrieval Tool. Due to changes made in 2012 by the Department of Education, the MTC Student financial Services Office is unable to use personal copies of your Tax Return for Verification for the academic year. Step 1: Student/Parent go to and click Get My Tax Record
9 Step 2: To receive your Tax Return Transcript ONLINE, click. To receive your Tax Return Transcript through MAIL, click.
10 Step 3: If you do not have an account, click account, enter your username and click not know your username, click.. If you have an. If you have an account, but do IMPORTANT: You will need all of the following information and materials to complete your registration with the IRS. Full Name Birthday Social Security Number (SSN) or Identification Number (ITIN) Tax filing status Current Address You will need one of the below financial accounts to verify your identity. You will not be charged any money and are not sharing any account balances or other financial information with the IRS. Credit Card OR Mortgage or Home Equity Loan OR Home Equity Line of Credit OR Auto Loan You will need to have your US-base mobile phone with your name associated to the mobile phone account with you to verify your phone number today. This service will not work on Pay-As-You-Go (Prepaid) plans, landlines, Skype, Google Voice, or similar virtual phones.
11 You may also call to request an IRS Tax Return Transcript by dialing: Please submit your requested IRS Tax Return Transcript to the MTC Student Financial Services Office as soon as possible to expedite processing. IMPORTANT: If you are married and filed a joint tax return with your spouse, tax account data is listed under the social security number of the primary taxpayer (the name and social security number listed first on the tax return) shown on your tax return. If you have filed an extension and have not filed your 2016 taxes, we need your Form 4868, Request for an Extension and your 2016 W2s (if self-employed, you must provide a signed statement estimating your Adjusted Gross Income (AGI) and income taxes paid for 2016). We can process your Verification using the estimated numbers BUT once your taxes have been filed, you will need to submit copies of your IRS Tax Return Transcript to the Student Financial Services Office. Your financial aid awards may change to reflect the actual numbers on the transcript. If you have filed an Amended Tax Return, you are required to submit your signed 1040X form. You cannot use the online Data Retrieval Tool.
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